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AUD/USD Consolidates Above 0.7000, Bearish Potential Intact
AUD/USD trades in a narrow range during the Asian session after mixed Australian inflation data, with bearish potential still intact as it hovers above the 0.7000 two-month low.
Gold Plummets Below $4,200 on US-Iran Tensions, Hawkish Rate Bets
Gold extends losses below the 200-day SMA, hitting a fresh low since March 23 as rising geopolitical tensions and hawkish rate expectations ahead of US CPI weigh on the precious metal.
EUR/USD Trades Flat Near 1.1545 Ahead of US CPI Data
The EUR/USD pair is trading in a tight range around 1.1545 during the Asian session on Wednesday, as the dollar steadies before the release of US May CPI data at 12:30 GMT.
USD/CHF Gains for Fourth Day as Safe-Haven Demand Boosts Dollar
USD/CHF extended its gains for the fourth consecutive session, trading around 0.7990 during Asian hours on Wednesday, as renewed Middle East concerns bolster safe-haven demand for the US Dollar.
US Dollar Index Holds Near 100.00 as Middle East Tensions Rise
The US Dollar Index (DXY) is trading near the 100.00 mark during Asian hours, supported by rising Middle East tensions.
Silver Bears Retain Control Near March Lows Below $64.50
Silver (XAG/USD) extended its decline for a second consecutive day, dropping to its lowest since March 23 as sellers remain firmly in control below the $64.50 level.
GBP/USD Consolidates Below 1.3400 as Iran Tensions Mount, US CPI in Focus
The British pound is hovering in a narrow band just below 1.3400 against the U.S. dollar, unable to extend a two-day recovery from a three-week low amid renewed geopolitical risks and anticipation of U.S. inflation data.
NZD/USD Steady as Market Awaits US CPI Data
The NZD/USD pair holds near 0.7030 after mixed Chinese inflation figures, with traders eyeing the upcoming US CPI report.
China May CPI Misses Expectations at 1.2%
China's consumer price index rose 1.2% year-on-year in May, matching April's pace but below the 1.3% market forecast, according to the National Bureau of Statistics. The data may have implications for the Australian dollar.
Yen Lingers Near One-Month Low on USD/JPY Despite Strong PPI
USD/JPY consolidates in Asian session after Japan's stronger-than-expected Producer Price Index, but geopolitical tensions in the Middle East keep the Yen under pressure near a one-month low.
PBOC Sets USD/CNY Reference Rate at 6.8130
The People's Bank of China fixed the USD/CNY central parity rate at 6.8130 for Wednesday, slightly lower than the previous day's 6.8147.
AUD/USD Extends Losses as Traders Await China CPI Data
The Australian dollar continued its decline against the US dollar on Wednesday, trading near 0.7020 as market participants look ahead to China's consumer and producer price data for May.
EUR/USD Slips Below 1.1550 on US-Iran Tensions
The euro edged lower to near 1.1540 during early Asian trading as renewed Middle East tensions following US strikes against Iran weighed on the common currency.
GBP/USD Rally Fades After Touching 200-Day EMA
Sterling briefly rallied on Tuesday, pushing GBP/USD above 1.3400 before retreating as resistance at the 200-day EMA held.
Australian Dollar Tests Six-Week Low as Trump Rattles Markets
The Aussie dollar slipped 0.25% against the greenback on Tuesday, hitting a six-week low of 0.7027, as market sentiment soured after Trump threatened retaliation against Iran over a downed helicopter in the Strait of Hormuz.
USD/CHF Eyes 0.80 as Inverse Head-and-Shoulders Breakout Holds
USD/CHF advanced to near nine-week highs of 0.7991, with the inverse head-and-shoulders pattern targeting the 0.8000 level as risk aversion boosts the Greenback.
US Dollar Holds Steady Near 99.90 Ahead of CPI Data Amid Middle East Tensions
The US Dollar Index (DXY) is trading cautiously near the 99.90 level as traders await Wednesday's CPI report. Geopolitical risks from the Middle East conflict are also supporting the greenback.
Silver (XAG/USD) Tumbles Over 3.5% as Bears Target $60
Silver (XAG/USD) fell more than 3.5% on Tuesday to around $65.50, its lowest since March, as selling pressure intensifies amid Middle East war headlines. Bears now target $60.
US Dollar Index Rebounds as Middle East Hopes Fade, Inflation Data Ahead
The US Dollar Index recovered from earlier losses on Tuesday as optimism over a potential US-Iran peace deal faded, with traders now focusing on upcoming US inflation data.
AUD/USD Correction Tests 0.7000 Support Ahead of 200-Day SMA
The Australian Dollar has pulled back to the 0.7000 support zone as it awaits a fresh catalyst to resume its uptrend from late March, with the 200-day SMA acting as a key technical level.
Gold Falls to Two-Month Low Despite Dollar Weakness on Iran Tensions
XAU/USD dropped to its lowest level in two months, while the US dollar remained under pressure amid ongoing Iran war headlines.
China’s central bank extends gold-buying spree for 18th consecutive month
China's central bank continued to add gold to its reserves in April, marking the 18th straight month of purchases and underscoring sustained sovereign demand for the precious metal.
Trump Says US Must Respond After Iran Downs Apache Helicopter
President Trump stated the US must react to Iran shooting down a US military Apache helicopter near the Strait of Hormuz.
Yen Weakens Despite Strong GDP, USD/JPY Near 160.30
The Japanese yen weakened on Tuesday even as Japan reported stronger-than-expected GDP data, with USD/JPY trading near the 160.30 zone as traders await key US inflation figures.